As the market recovers, the star of RWA tokens shines.

The crypto market showed signs of recovery after the bloodbath on Monday, February 3. The balance of the markets was disrupted by the new administration in the US imposing customs duties on bilateral trade with China, Canada, and Mexico. However, moderate statements from politicians, especially the President of Mexico, relieved the panic atmosphere in the world conjuncture.

Bitcoin, the world's largest cryptocurrency in terms of market value, had dropped to $92,000 at the beginning of the week with a 6% loss. As of the time of writing this news, BTC, which is trading just below the psychological resistance of the $100,000 level, along with other altcoins, is experiencing upward movement. Some double-digit altcoins from yesterday had returned to prices from months ago with losses exceeding 20%.

Locked value in RWA breaks record

While some altcoins tried to recover their losses with the smoothing of market concerns, the increase in cryptocurrencies in the real-world assets category was remarkable. The total locked value in RWA tokens, one of the popular categories in recent times, reached its all-time high on February 3rd, reaching $17.1 billion. According to the data from RWA.xyz, an analysis platform in the sector, the total locked value in the sector increased by 94 percent compared to the same period last year.

A sharp rise in tokens associated with RWA

Undoubtedly, the movement in the RWA field also directly affected the prices of tokens. While the cryptocurrency market gained 7% in the last 24 hours, the increase in RWA-related tokens was more pronounced. Chainlink's cryptocurrency LINK gained 22%, Mantra (OM) gained 23%, Ondo Finance (ONDO) gained 27% in value. The cryptocurrency CHEX of Chintai, a tokenization platform managed by Singapore's regulatory authority, impressed with a 38% rise.

Expected to reach $16 trillion by 2030.

It is a known fact that the conversion of physical or financial assets into digital tokens makes the assets more accessible. According to Boston Consulting Group's On-Chain Asset Tokenization report, the total market size of the tokenization sector is expected to reach $16 trillion by 2030. The creation of tokenization funds by giant investment firms such as BlackRock highlights the potential of this technology.

The establishment of a fund by BlackRock, the investment management giant, in January 2024 in terms of RWA, was eagerly welcomed by the crypto market. With the enthusiasm created by BlackRock, sharp increases of up to 300% were observed in cryptocurrencies operating in the RWA sector, primarily ONDO, as well as MAPLE and PENDLE.

Moreover, the shining star of RWA has also caught the attention of crypto investors in Turkey. According to the report prepared by CoinGecko, Turkey was announced as the third country that showed the most interest in RWA-based cryptocurrencies. While the USA takes the first place with a rate of 14%, Indonesia comes second with a rate of 10%, and Turkey takes the third place with a rate of 8%.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.